U.S. wholesale and retail propane prices have traded higher so far this winter heating season compared to the previous year, according to an Jan. 28 report published by the U.S. Energy Information Administration. The higher prices witnessed so far this winter can be attributed to colder weather during January and higher exports. The price increase…...
The New Jersey Board of Public Utilities on Jan. 27 announced that it has secured more than $185 million in federal funding from the U.S. Energy Department for three energy efficiency rebate programs funded through the 2022 Inflation Reduction Act. These energy efficiency programs will particularly benefit low and moderate-income residents, as they are more…...
The New York State Public Service Commission has directed New York State Electric & Gas Corporation and Rochester Gas and Electric Corporation to take additional actions, such as proposing demand response programs and identifying parts of their distribution systems for potential decommissioning, to improve their final long-term gas system plans. These steps, informed by analysis…...
U.S. wholesale power prices are forecast to average marginally higher during 2025 in the majority of the U.S. regions compared to 2024, except in the Northwest and Texas, according to an Jan. 27 report published by the U.S. Energy Information Administration. The agency projects wholesale prices to average $40 per megawatthour (MWh) during 2025, up…...
The Michigan Public Service Commission on Jan.23 approved a rate increase of approximately $217.4 million for DTE Electric, about 52 percent lower than the utility’s initial request. The commission approved investments in several initiatives including upgrading aging power lines, more frequent tree-trimming to enhance grid reliability, and electric vehicle charging infrastructure. With DTE Electric set…...
The Henry Hub natural gas price during 2025 and 2026 is expected to increase, according to an Jan. 23 report published by the U.S. Energy Information Administration. The projected price increase can be attributed to natural gas demand outpacing supply, due to higher gas demand from U.S. liquefied natural gas (LNG) facilities. This in turn,…...
South Carolina’s state-owned utility, Santee Cooper, issued a request for proposals for potential buyers to acquire and complete the development of two partially constructed nuclear reactors at the V.C. Summer Nuclear Station, according to a Jan. 22 press release. The move comes in response to growing interest in new nuclear power to help meet rising…...
U.S. average retail gasoline prices during 2025 are estimated to decline by 11 cents per gallon (gal), or three percent compared to 2024, and a further 18 cents/gal, or six percent during 2025, according to an Jan. 22 report published by the U.S. Energy Information Administration. The price decrease over the next two years can…...
The Northeast Power Coordinating Council (NPCC) on Jan. 21 released a report highlighting the risks of natural gas dependency for electric reliability in Northeastern regions. The extensive analysis received input from diverse stakeholders including electric and gas system operators and the North American Electric Reliability Corporation (NERC). NERC commended the initiative to analyze the ability…...
The U.S. Energy Department on Jan. 21 announced that it is ending the pause on new liquefied natural gas (LNG) export permits following an executive order issued by President Donald Trump. The Office of Fossil Energy and Carbon Management is required to resume consideration of pending applications to export U.S. LNG to countries without a…...
U.S. President Donald Trump took action on Jan. 20 to temporarily withdraw areas of the Outer Continental Shelf from offshore wind energy leasing and review federal wind leasing and permitting practices. The action also stops federal agencies from issuing new or renewed approvals for offshore or onshore wind projects pending completion of a comprehensive assessment…...
Brent crude oil prices are expected to decline from an average of $81 per barrel (b) during 2024 to $74/b in 2025 and $66/b in 2026, according to an Jan. 21 report published by the U.S. Energy Information Administration. The agency’s price decline expectations can be attributed to slower demand growth and robust global growth…...